AllAnalyst Report
logoMorningstarApril 12, 2021

Alibaba Group Holding Limited: Wide-Moat Alibaba Is Unprecedentedly Cheap; Regulatory Overhang Largely Removed; Buy

Symbols
BABA
Sector(s)
Consumer Cyclical
Rating
Current Price
$75.41
Fair Value
Economic Moat
Stewardship
Summary

Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include international retail/wholesale marketplaces (7%), cloud computing (

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Analyst Profile

Chelsey Tam

Equity Analyst
Chelsey Tam is an equity analyst for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. She primarily researches China internet and Macau gaming stocks.Before joining Morningstar in 2013, she was a sell-side analyst at a securities firm in Hong Kong. Before that she was a buy-side associate, and earlier she was a research lab assistant at the Rotman School of Management in Toronto.Tam holds bachelor’s degrees in commerce (finance) and economics from the University of Toronto.